Karachi, March 4, 2026 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Pakistan’s Khyber Pakhtunkhwa (KP) province, marking a major boost for the country’s indigenous energy resources.
(more…)Category: Pakistan
-
Pakistan passes Virtual Assets Bill 2026, legalizes cryptocurrency nationwide
Islamabad, March 3, 2026 – In a landmark move for the country’s financial sector, Pakistan’s National Assembly on Tuesday passed the Virtual Assets Bill, 2026, officially legalizing cryptocurrencies and establishing a regulatory framework for digital assets. The legislation, introduced by Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry, had already been approved by the Senate earlier this year.
(more…) -
PM Shehbaz hails digital banking boom: 127 million Pakistanis go cashless
Islamabad, March 3, 2026 – During a review meeting chaired by Prime Minister Muhammad Shehbaz Sharif on Tuesday, officials reported that the number of individuals benefiting from digital banking in Pakistan has surpassed 127 million.
(more…) -
Aurangzeb briefs IMF on Pakistan’s economic stability, reforms, and growth agenda
Islamabad — Federal Minister for Finance and Revenue Aurangzeb met the International Monetary Fund (IMF) review mission on Monday, marking the start of the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).
(more…) -
PM Shehbaz forms high-level committee to monitor global oil prices amid Middle East conflict
Islamabad, March 2, 2026 – Prime Minister Shehbaz Sharif has constituted an 18-member high-level committee to monitor the impact of rising international oil prices on Pakistan’s economy following the US-Israel attack on Iran.
(more…) -
Pakistan’s trade deficit balloons 25% in first eight months of FY26
Islamabad, March 2, 2026 – Pakistan’s trade deficit surged by 25% to $25.04 billion during the first eight months (July–February) of fiscal year 2025-26, compared to $20 billion in the same period last year, official data revealed on Monday.
(more…) -
PM Shehbaz chairs high-level meeting to review regional security
Islamabad, March 1, 2026: Prime Minister Muhammad Shehbaz Sharif on Sunday chaired a high-level meeting to review the evolving regional situation, Pakistan’s internal security environment, and measures to ensure the safe evacuation of Pakistani citizens from Iran amid rising tensions in the region.
(more…) -
Pakistan corporates push IMF to axe super tax, boost business growth
Islamabad: Leading corporate bodies of Pakistan have urged the International Monetary Fund (IMF) to help abolish the super tax, reduce corporate tax in a phased manner, and rationalize advance and withholding taxes to ease the burden on compliant businesses and revive economic growth.
(more…) -
At least nine killed in violent clashes at US Consulate in Karachi
Karachi, March 1, 2026: At least nine people were killed and more than 18 others injured on Sunday after violent clashes erupted between police and protesters outside the United States Consulate in Karachi, following demonstrations against recent US and Israeli strikes that reportedly martyred Iran’s Supreme Leader, Ayatollah Ali Khamenei.
(more…) -
OGRA orders adequate petroleum stocks amid escalating Middle East conflict
Islamabad, March 1, 2026 — The Oil and Gas Regulatory Authority (OGRA) has directed all oil sector stakeholders to ensure sufficient stocks of petroleum products across Pakistan amid escalating geopolitical tensions in the Middle East following fresh military strikes involving Israel, the United States, and Iran.
(more…)